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10 things to remember to start a successful business

There are a number of factors that you need to consider to ensure a successful start-up. These are:

1. Legal basis: This includes factors such as your licenses, insurance and the formation of your business.

2. Your market: You need to decide who you want to market your services to and where they will be.

3.Your services: Now you need to decide what services you will offer these people, how you would like to package them, and what prices you want to charge.

4. Your Venue: Find your new location, preferably in the middle of your potential market. Remember that the center of your success is the position you choose for your business. Foot traffic passing your door and many potential customers within a short drive from your new business are vital to finding customers.

5. Website: Most companies have them now, so even if you don’t want to set one up now, at least buy and keep your domain name, in case someone else gets a hold of it.

6. Your business plan: Whether you’re looking for financing or not, a business plan is the foundation of a new business.

7. Your financing: Now you need to take your business plan and look for financing, starting with your bank.

8. Your staff: A good staff that reflects your business ideals is vital, so spend some time finding the best staff you can.

9. Marketing: So important and so hard to get right. Start with a good marketing strategy and go from there.

10. Grand Opening: Make sure you make a splash and attract as much curiosity as possible.

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